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A Dux Heat Pump is on its way
Because our current water heater is 11 years old, and the various Governments are still offering plenty of rebates (currently around $3,600, but the RECs go up and down in value), we've decided to avail ourselves of them by purchasing a new Dux Heat Pump.
Hot Water Rebates was a great place to start, and directed me to a local plumber, who thankfully would sell us any brand.
In the end we're getting a new Heat Pump for under $500!!
My calculations suggest that we should be saving half our current Off Peak 1 costs with the Heat Pump (which will be running on Off Peak 2).
We did think about Solar, but as there's a good chance that the roof will be changing if we re-build, it's not viable at the moment: but eventually it'd be great to have some solar panels to boost the Heat Pump.